Introduction

Due to this business model, the positions of cash and cash equivalents, receivables and inventories attain significance. The financial parameters indicated in the financial statements represent the consolidated positions of the Winnebago Industries Inc and its subsidiary, Winnebago of Indiana. The transaction between the company and its subsidiary have, however, been excluded from the financial statements. The total cash and cash equivalents held by Winnebago Industries Inc for the year ending August 25, 2012 is $62.68 million. This position of cash and cash equivalents represents a consolidated position held by the company and its subsidiaries. The total amount of cash and cash equivalents held by the company forms one-third of the total amount of current assets held by Winnebago Industries Inc for the year ended August 25, 2012. This shows that Winnebago Industries Inc holds considerable amount of cash and cash equivalents in order to service the short term needs of the group. Winnebago Industries Inc engages into transactions with its subsidiary involving cash and cash equivalents for meeting the short terms liabilities of the group. These intra-group transactions are not reflected in the financial statements of Winnebago Industries Inc.
The total cash flow during the year is mainly an effect of the consolidated cash flows of Winnebago Industries Inc from the operating activities, investment activities and financing activities. The financial statements prepared by Winnebago Industries Inc are for a period of 52 weeks ending last Saturday of the month of August every year. The financial statements have been prepared by the group in accordance with the US Generally Accepted Accounting Principles. The consideration of the contingent assets and contingent liabilities are extremely important for the correct reporting of financial statements. The financial ...

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